Preliminary Q4 2023 Volution Group PLC Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Robert Chantry - Joh. Berenberg, Gossler & Co. KG - Analyst : It's Rob Chantry from Berenberg. Just three questions from me. Firstly, just on the German market in particular, you mentioned 70% new build. Could you share some of your thoughts around the structure of that market in terms of its cyclicality compared to the UK and the broader structure of how that is impacting the business and specifically in German new build. Secondly, how do you see yourself moving further around that broader HVAC landscape? You put that tag line at the start of the presentation on a multi-year view. Do you see there's significant opportunities beyond your current end markets that you'd like to play a role in? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 05, 2023 / 8:30AM, FAN.L - Preliminary Q4 2023 Volution Group PLC Earnings Call And then thirdly, you talked about increasing the proportion of the feedstock from recycled material, 90% target by '25. Could you just talk about some of the main, I guess, supply chain, technological barriers, challenges around feedstock availability and pricing to getting that because, clearly, it's all not immediately available today at the price you wanted to at a stable price.